Wheadon, Davis, and Singer Formed a Partnership with Wheadon Contributing

Multiple Choice

Wheadon, Davis, and Singer formed a partnership with Wheadon contributing $60,000, Davis contributing $50,000 and Singer contributing $40,000. Their partnership agreement called for the income (loss) division to be based on the ratio of capital investments.
-If the partnership had income of $75,000 for its first year of operation, what amount of income (rounded to the nearest thousand) would be credited to Singer's capital account?

A) $75,000.
B) $40,000.
C) $25,000.
D) $20,000.
E) $30,000.